Golden Credit Card Trust Notes Series 2012-4 Assigned Preliminary 'AAA (sf)' Rating Jul 12

Standard & Poors, July 2012

Abstract
OVERVIEW Golden Credit Card Trust's series 2012-4 issuance is an ABS securitization backed by an ownership interest in a revolving pool of Canadian dollar-denominated MasterCard and VISA credit card receivables generated by accounts originated by Royal Bank of Canada. We assigned our preliminary 'AAA (sf)' rating to the senior notes. The preliminary 'AAA (sf)' rating reflects our view of the transaction's proposed credit support, payment and legal structures, and pool characteristics, among other factors. NEW YORK (Standard & Poor's) July 18, 2012--Standard & Poor's Ratings Services today assigned its preliminary 'AAA (sf)' rating to Golden Credit Card Trust's credit card receivables-backed senior notes series 2012-4 (see list). The note issuance is an asset-backed securities transaction backed by an ownership interest...

Companies mentioned in this report are:
- Golden Credit Card Trust

Action: Preliminary Rating

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Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.

- Golden Credit Card Trust

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